Looking for State Revolving Fund Intelligence?
Would you like to get a competitive edge in who secured funding for their next Public Infrastructure project? Find new sales opportunities from SRF applications. Citylitics has aggregated State Revolving Funds (SRF) across the US, including the scope and funding status of 19,150 projects from 5,083 municipalities and 2,587 utilities.
What are State Revolving Funds?
State Revolving Funds (SRFs) are financial assistance programs established by the U.S. Environmental Protection Agency (EPA) to provide funding for water infrastructure projects. SRFs are designed to help states and territories finance the construction, improvement, or replacement of water and wastewater infrastructure systems.
The two primary types of State Revolving Funds are:
- Drinking Water State Revolving Fund (DWSRF): This fund provides low-interest loans, loan guarantees, and grants to assist states in financing the costs of drinking water infrastructure projects. These projects typically involve the construction or improvement of public water treatment plants, distribution systems, and storage facilities. The DWSRF program focuses on ensuring the safety and quality of drinking water supplies.
- Clean Water State Revolving Fund (CWSRF): The CWSRF offers low-interest loans and other financial assistance to support the construction, upgrade, or repair of wastewater treatment facilities, stormwater management systems, and other water pollution control measures. The primary goal of the CWSRF program is to promote the protection and restoration of water quality in rivers, lakes, and other water bodies.
Key features and benefits of State Revolving Funds include:
- Financing Flexibility: SRFs provide states with flexible financing options, including low-interest loans, loan guarantees, and grants. This flexibility helps states tailor their financial assistance programs to meet the specific needs of their water infrastructure projects.
- Revolving Nature: As the name suggests, SRFs operate on a revolving basis. Repayments of principal and interest from previous loans are deposited back into the fund, allowing the capital to be recycled and made available for new projects. This revolving structure enables SRFs to provide ongoing support for water infrastructure initiatives.
- State Control: Each state and territory administers its own State Revolving Fund program, allowing them to prioritize and allocate funding based on their specific needs and priorities. States have the flexibility to establish eligibility criteria, prioritize projects, and develop loan terms and interest rates that align with their goals.
- Environmental Protection: By funding water infrastructure projects, SRFs contribute to the protection and improvement of water quality, public health, and the environment. They support the development of sustainable and resilient water and wastewater systems, helping communities address aging infrastructure challenges and comply with environmental regulations.
It’s important to note that the specific guidelines, eligibility criteria, and available funding under State Revolving Funds may vary by state.